Most of Us Are Living Paycheck-to-Paycheck!

posted by Paul James - 

While the economy seems to be picking up, there are still plenty of people who aren’t feeling the effects of it. According to a new poll by CareerBuilder, a lots of folks in this country are still struggling with most people not making enough money to live comfortably. 

The survey finds that 78% of Americans are living paycheck-to-paycheck, which is a 3% increase from last year. Of those folks, 38% of workers say they sometimes live paycheck-to-paycheck, while 17% usually do and 23% say they always do.

And having more money doesn’t make you exempt from financial issues. In fact, 9% of those making $100,000 say they usually or always live paycheck-to-paycheck, with 59% of those folks in debt. Of course, that’s not nearly as high a number as those making less than $50,000, with 51% of them living paycheck-to-paycheck and 73% in debt.

Debt is actually a huge issue for most people, with 71% of all workers saying they are in debt, with 56% of those folks admitting they feel like they will always be in debt. But regardless of that debt, there are some expenses that folks just don’t want to give up, including:

  • Internet connection: 54%
  • Mobile device (smart phone, tablet, etc.): 53%
  • Driving: 48%
  • Pets: 37%
  • Cable: 21%
  • Going out to eat: 19%
  • Traveling: 17%
  • Education: 13%
  • Buying gifts for people: 13%
  • Alcohol: 11%

Source: Yahoo Finance

Paul James

Paul James

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